Cryptocurrency News: US Regulators Should ‘Maybe’ Ban Crypto + Digital Asset Anti-Money Laundering Act of 2022

Banking Committee Chair: US Regulators Should ‘Maybe’ Ban Crypto

The senator [Sherrod Brown] also pointed to numerous incidents to back up his claims, not just the recent collapse of FTX but also issues such as “the threat to national security from Korean cyber criminals to drug trafficking and human trafficking and financing of terrorism and all the things that can come out of crypto.”

Senator Elizabeth Warren unveiled a new bill governing cryptocurrencies earlier this month, dubbed the Digital Asset Anti-Money Laundering Act.

Warren’s bill would look to force crypto asset providers to offer audited financial statements and impose bank-like capital requirements more in line with what is expected of traditional financial institutions. The act would also give the SEC increased powers to regulate the asset class.

Get ready for the Digital Dollar!

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[2020] Republicans blasting China forget that the GOP enabled Beijing’s rise

As a deadly pandemic wreaks havoc in an election year, Republicans are leveling relentless attacks against China. To be sure, Beijing’s initial response to the coronavirus outbreak was littered with errors, egregious injustices and conspiracy-mongering.

Republicans blasting China forget that the GOP enabled Beijing’s rise

Related:

What Republicans did 15 years ago to help create Donald Trump today

Urged on by their presidential standard-bearer, Texas Gov. George W. Bush, and by nearly all of the business lobbyists who represented the core of the party’s donor class, three-quarters of House Republicans voted to extend the status of permanent normal trade relations to China. They were more than enough, when added to a minority of Democrats, to secure passage of a bill that would sail through the Senate and be signed into law by President Bill Clinton.

The wheels are coming off the Dutch green revolution

Another day, another success in the courts for Dutch environmentalists. This week, the country’s highest court, the Council of State, decided that building is no longer exempt from EU environment protection rules. In one of the world’s most densely-populated countries, where new homes are badly needed – and a 900,000 home building spree had just been announced – this spells trouble: within hours, building association Bouwend Nederland called it a ‘tragedy’ and experts warned it will exacerbate the Netherlands’ housing crisis.

The wheels are coming off the Dutch green revolution

BASF seeks ‘permanent’ cost cuts at European operations

FRANKFURT – BASF said costs at its European sites must be cut to a “permanently” smaller size because of a triple burden of sluggish growth, high energy costs and over-regulation, with the German industrial giant’s boss throwing his weight behind a planned expansion in China.

BASF seeks ‘permanent’ cost cuts at European operations

Brandon’s handlers are going to be disappointed! Businesses are supposed to move to the US! Time to twist Olaf’s arm (again)! Maybe tell him that Germany needs to decouple from China, as well?! /s

Biden’s Tech-War “Goes Nuclear”

Biden’s Tech-War “Goes Nuclear”

So, where is all of this heading, you ask?

To more conflict, more confrontation, higher prices, lower standards of living and, eventually, a disintegration of the prevailing order. That much is certain. The problem, of course, is that the China hawks now control the levers of power in Washington which means that the attacks on China will intensify, decoupling will accelerate, and a massively-destabilizing international crisis will soon follow.

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Explained: How Americans In Chinese Tech Firms Might Have To Choose Between US Citizenship And Job